Financials VAA-Vista Alegre Atlantis, SGPS, SA

Equities

VAF

PTVAA0AM0019

Appliances, Tools & Housewares

Market Closed - Euronext Lisbonne Other stock markets 11:22:58 2024-04-26 am EDT			5-day change	1st Jan Change
1 ^EUR	0.00%		0.00%	+26.58%

Apr. 12	Vista Alegre Atlantis, SGPS, S.A. Reports Earnings Results for the Full Year Ended December 31, 2023	CI
2023	Vista Alegre Atlantis, SGPS, S.A. Reports Earnings Results for the Nine Months Ended September 30, 2023	CI

Valuation

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	238.1	155.9	184.4	142.5	132.4	167.6	-	-
Enterprise Value (EV) ¹	329.5	244.3	265.4	211.9	132.4	230.6	219.6	204.6
P/E ratio	30 x	-62 x	116 x	26.7 x	20.3 x	20 x	16.7 x	12.5 x
Yield	-	-	-	-	-	-	-	-
Capitalization / Revenue	1.98 x	1.41 x	1.58 x	0.99 x	1.02 x	1.21 x	1.11 x	1.03 x
EV / Revenue	2.74 x	2.21 x	2.27 x	1.48 x	1.02 x	1.67 x	1.45 x	1.26 x
EV / EBITDA	12.9 x	15.3 x	11.7 x	7.7 x	4.68 x	8.24 x	6.86 x	5.68 x
EV / FCF	-46.5 x	35 x	24.6 x	13.3 x	-	12.1 x	11 x	9.3 x
FCF Yield	-2.15%	2.85%	4.06%	7.53%	-	8.24%	9.11%	10.8%
Price to Book	-	-	-	-	-	-	-	-
Nbr of stocks (in thousands)	167,650	167,650	167,650	167,650	167,650	167,650	-	-
Reference price ²	1.420	0.9300	1.100	0.8500	0.7900	1.000	1.000	1.000
Announcement Date	3/26/20	4/1/21	3/30/22	4/5/23	4/12/24	-	-	-

¹EUR in Million²EUR

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	120.1	110.4	117	143.3	129.6	138	151	162
EBITDA ¹	25.6	16.01	22.7	27.5	28.3	28	32	36
EBIT ¹	14.29	2.456	9.344	11.3	13.93	15	19	23
Operating Margin	11.9%	2.23%	7.99%	7.89%	10.75%	10.87%	12.58%	14.2%
Earnings before Tax (EBT)	8.769	-2.226	3.572	6.5	-	-	-	-
Net income ¹	7.454	-2.127	1.592	5.334	6.535	8	11	13
Net margin	6.21%	-1.93%	1.36%	3.72%	5.04%	5.8%	7.28%	8.02%
EPS ²	0.0474	-0.0150	0.009500	0.0318	0.0390	0.0500	0.0600	0.0800
Free Cash Flow ¹	-7.079	6.971	10.78	15.96	-	19	20	22
FCF margin	-5.89%	6.32%	9.21%	11.14%	-	13.77%	13.25%	13.58%
FCF Conversion (EBITDA)	-	43.53%	47.49%	58.04%	-	67.86%	62.5%	61.11%
FCF Conversion (Net income)	-	-	677.14%	299.23%	-	237.5%	181.82%	169.23%
Dividend per Share	-	-	-	-	-	-	-	-
Announcement Date	3/26/20	4/1/21	3/30/22	4/5/23	4/12/24	-	-	-

¹EUR in Million²EUR

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2021 S1	2021 Q3	2021 Q4	2022 Q1	2023 S1	2023 Q3
Net sales ¹	49.59	30.5	36.94	30.26	64.26	31.09
EBITDA ¹	8.1	-	8	-	-	4.9
EBIT ¹	1.795	3.497	4.052	0.934	-	1.652
Operating Margin	3.62%	11.47%	10.97%	3.09%	-	5.31%
Earnings before Tax (EBT)	-0.823	-	-	-	-	-
Net income ¹	-0.496	1.125	0.963	-0.268	4.6	0.485
Net margin	-1%	3.69%	2.61%	-0.89%	7.16%	1.56%
EPS	-	-	-	-	-	-
Dividend per Share	-	-	-	-	-	-
Announcement Date	7/27/21	10/28/21	3/30/22	5/26/22	7/27/23	11/30/23

¹EUR in Million

Estimates

Balance Sheet Analysis

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	91.4	88.4	81	69.4	-	63	52	37
Net Cash position ¹	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	3.571 x	5.518 x	3.57 x	2.522 x	-	2.25 x	1.625 x	1.028 x
Free Cash Flow ¹	-7.08	6.97	10.8	16	-	19	20	22
ROE (net income / shareholders' equity)	11.9%	-3.1%	2.4%	7.53%	-	8.9%	11%	12.5%
ROA (Net income/ Total Assets)	-	-0.9%	0.69%	2.27%	-	-	-	-
Assets ¹	-	236.7	230.9	235.3	-	-	-	-
Book Value Per Share	-	-	-	-	-	-	-	-
Cash Flow per Share	-	-	-	-	-	-	-	-
Capex ¹	28.3	7.59	3.16	7.78	-	16	8	8
Capex / Sales	23.55%	6.88%	2.7%	5.43%	-	11.59%	5.3%	4.94%
Announcement Date	3/26/20	4/1/21	3/30/22	4/5/23	4/12/24	-	-	-

¹EUR in Million

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Ratings for VAA-Vista Alegre Atlantis, SGPS, SA

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

1 EUR

Average target price

1.37 EUR

Spread / Average Target

+37.00%

Consensus

EPS Revisions

Estimates Revisions

Quarterly revenue - Rate of surprise

Company calendar

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Tools & Housewares